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AnishBadwe

OGC Reversal after a long downtrend, great buying opportunity

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OCEANAGOLD CORPORATION (TSX:OGC)  
AnishBadwe Diupdate   
TSX:OGC   OCEANAGOLD CORPORATION
Trend Analysis Chart Patterns Technical Indicators canada canadastock S&P/TSX Composite tsxv reversal LONG
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trendanalysis chartpattern indicator canada canadastock tsx tsxv reversal long
The last few trading days show that this is a good buying opportunity and stock has probably reversed.
Stochastic shows it climbing up from an oversold position and MACD histograms show that the market is trending positively.

I believe OGC could rise up to its previously long held position of $3.45-3.50.
I am placing a stop loss at $3.00, to give myself about 2% breathing space as the stock has been in a downtrend for a long time and the bulls may need some time to gain momentum.
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